INTL FCStone Ltd’s global payments division has introduced FXePrice, a proprietary web-based platform allowing the company’s local currency liquidity providers to streamline executable prices in 140 currencies and 175 countries. The global payments division has released the platform to select members of its global network of more than 300 correspondent banks, to obtain feedback and incorporate recommendations. Traditionally, FX price discovery in the developing world has occurred manually via phone, email or messaging. FXePrice automates this process and facilitates instant electronic price discovery via both streaming and request-for-quote (RFQ) functionality. Critically, the platform allows banks on the global payments division network to submit prices even during off-market hours for certain currencies.